2025-11-17T19:34:32-06:00 2024-12-31 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE STE 4200 INDIANAPOLIS IN 462045108 990 2024-01-01 953797687 GEMOLOGICAL INSTITUTE OF AMERICA INC GEMO 7606034000 5345 ARMADA DRIVE CARLSBAD CA 920084602 DAVID J TEARLE SENIOR VP & CFO 7606034000 2025-11-17 1 1 JEFFREY D FRANK P00287234 3174648600 2024 2025-03-06 01:10:19Z PRITESH PATEL 5345 ARMADA DRIVE CARLSBAD CA 920084602 388804601 0 X WWW.GIA.EDU X 1931 CA SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT. 18 15 1207 0 -219094 0 823833 984256 130632216 109194947 74027242 105172819 76329249 59084061 281812540 274436083 3460815 2948916 0 0 160324080 156456765 0 0 23861 112616079 115844575 276400974 275250256 5411566 -814173 715532970 724023528 46154063 48071507 669378907 675952021 X SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT. 0 0 30875297 2948916 18449982 EDUCATION: SEE SCHEDULE O FOR DESCRIPTION OF EXEMPT PURPOSE ACHIEVEMENTS. 192168552 92634921 LABORATORY: SEE SCHEDULE O FOR DESCRIPTION OF EXEMPT PURPOSE ACHIEVEMENTS. 10899647 73506 RESEARCH & PUBLICATIONS: SEE SCHEDULE O FOR DESCRIPTION OF EXEMPT PURPOSE ACHIEVEMENTS. 233943496 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 0 1 X 141 0 1 1207 1 1 1 1 BE BC CH HK IN IS JA SN SF TW TH AE UK 0 0 0 0 0 0 0 0 0 0 X 18 15 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AK AL AR CA CT FL GA IL KS KY MA MD MI MN MS NC NH NJ NY OR PA RI SC TN UT VA WI WV X DAVID J TEARLE 7606034000 5345 ARMADA DRIVE CARLSBAD CA 920084602 X SUSAN JACQUES PRESIDENT/CEO 39.00 1.00 X X 688378 0 61077 THOMAS MOSES EXECUTIVE VP 39.00 1.00 X X 631504 0 56324 LISA LOCKLEAR GOVERNOR 6.00 0.00 X 43129 0 0 STEPHEN KAHLER GOVERNOR 5.00 0.00 X 39500 0 0 BARBARA DUTROW GOVERNOR 4.00 0.00 X 35000 0 0 MARCUS TER HAAR GOVERNOR 4.00 0.00 X 35000 0 0 PATRICIA ANN KIKUKO HARVEY GOVERNOR 4.00 0.00 X 35000 0 0 TAMMY STORINO GOVERNOR 4.00 0.00 X 35000 0 0 JEFFREY POST GOVERNOR 4.00 0.00 X 31500 0 0 SAMANTHA RAVICH GOVERNOR 4.00 0.00 X 31500 0 0 DAVE BINDRA GOVERNOR 3.00 0.00 X 28000 0 0 FRANCOIS DELAGE GOVERNOR 3.00 0.00 X 28000 0 0 LAWRENCE MA GOVERNOR 3.00 0.00 X 28000 0 0 R ANDREW JOHNSON GOVERNOR 3.00 0.00 X 28000 0 0 RUSSELL MEHTA GOVERNOR 3.00 0.00 X 28000 0 0 XUEYING DAI GOVERNOR 3.00 0.00 X 28000 0 0 LISA BRIDGE BERENSTEIN GOVERNOR 1.50 0.00 X 14000 0 0 WENDY BOHRSON GOVERNOR 1.50 0.00 X 14000 0 0 DAVID TEARLE SVP & CFO 39.00 1.00 X 476457 0 57074 BRANDON PACE SVP & GENERAL COUNSEL (INCOMING) 39.00 1.00 X 328402 0 44302 JENNIFER WILSON SVP & GENERAL COUNSEL (OUTGOING) 39.00 1.00 X 279158 0 35655 SOON RAAB SVP & CHIEF PEOPLE OFFICER 40.00 0.00 X 352427 0 230407 PRITESH PATEL SVP & COO 40.00 1.00 X 438366 0 68251 DUNCAN PAY SVP, CHIEF ACADEMIC OFFICER 40.00 0.00 X 335249 0 63037 ELIZABETH KEATING VP & CHIEF ETHICS/COMPL OFFICER 40.00 0.00 X 326753 0 52422 JOHANNA LEVY VP, ENVIR., SOCIAL & GOVERNANCE 40.00 0.00 X 288648 0 65387 DAVID LIN VP & CISO 40.00 0.00 X 789597 0 39296 ADITYA KASHYAP VP, PRODUCT MANAGEMENT 40.00 0.00 X 385611 0 39784 CLAUDIA DANDREA DIRECTOR, LAB OPERATIONS 40.00 0.00 X 322873 0 39137 WUYI WANG VP, RESEARCH & DEVELOPMENT 40.00 0.00 X 319060 0 39690 LISA BIGGS VP, CHIEF ACCOUNTING OFFICER 40.00 0.00 X 314255 0 28861 JOHN HALL VP & CIO 40.00 0.00 X 403635 0 10500 7162002 0 931204 331 1 1 0 GIA HONG KONG LABORATORY LIMITED GOLDIN FINANCIAL GLOBAL CENTRE 20/ KOWLOON BAY HK GRADING SERVICES 17838289 GIA LABORATORY DMCC UPTOWN TOWER 13TH 14TH FLOORS F DUBAI AE GRADING SERVICES 12516799 TATA CONSULTANCY SERVICES LIMITED NIRMAL BUILDING 9TH FLOOR NARIMAN MUMBAI IN IT SERVICES 7054692 DLA PIPER LLP US 6225 SMITH AVENUE BALTIMORE MD 21209 LEGAL SERVICES 3868433 ORACLE AMERICA INC PO BOX 884471 LOS ANGELES CA 90088 IT SERVICES 3208517 109 X 984256 977417 984256 GEMOLOGICAL LABORATORY 541990 92551385 92551385 TUITION & FEES 611519 16570056 16570056 GEMOLOGY PUBLICATIONS 513120 73506 73506 109194947 85214824 72496511 12718313 57339692 57249692 90000 128562977 1228424 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434796871 2775000 2475000 64257314 64005219 715532970 724023528 9468976 7945379 4867521 4687189 31817566 35438939 46154063 48071507 X 651243844 656258662 18135063 19693359 669378907 675952021 715532970 724023528 X -814173 7539676 -152389 X 0 1 X 1 0 X 347414 658727 554874 823833 984256 3369104 186612500 336198836 278058171 269020393 241357625 1311247525 186959914 336857563 278613045 269844226 242341881 1314616629 887526 1099332 3027934 2969521 2823529 10807842 75574336 157406084 113932529 122533711 116449593 585896253 76461862 158505416 116960463 125503232 119273122 596704095 717912534 7537374 8018924 8425980 11183516 12808313 47974107 7537374 8018924 8425980 11183516 12808313 47974107 478268 59076 102088 639432 15595 183571 199166 194512883 345354755 287098101 281129830 255333765 1363429334 0.52650 0.53670 0.03520 0.03210 X PART I: GEMOLOGICAL INSTITUTE OF AMERICA, INC. ("GIA OR "THE INSTITUTE") BELIEVES IT ALSO QUALIFIES AS AN EDUCATIONAL ORGANIZATION UNDER SECTION 170(B)(1)(A)(II) OF THE INTERNAL REVENUE CODE (PART I, LINE 2). PART III, LINES 2 AND 10A: SEE TREATMENT OF CERTAIN PAYMENTS DESCRIBED IN FORM 990, PART VIII, LINES 3 AND 5. PART III, LINE 7B: CERTAIN GROSS RECEIPTS FOR DIAMOND GRADING SERVICES PERFORMED FOR GIA AFFILIATE DIAMOND GRADING LABORATORIES OUTSIDE THE US ARE TREATED, SOLELY FOR PURPOSES OF SCHEDULE A, PART III, AS HAVING BEEN PAID TO GIA BY THE CUSTOMERS OF THOSE OVERSEAS LABORATORIES. THIS TREATMENT IS CONSISTENT WITH THE TREATMENT MADE TO PAYMENTS FROM CERTAIN "AGGREGATORS" UNDER REV. RULS. 75-387 AND 83-153. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 977417 36025803 X X X X X GEMOLOGICAL EDUCATION 0 0 220112632 17500000 21749119 2948917 6529259 0 249883575 196526336 0 31957361 3460815 4910250 0 220112632 218557014 20091854 -31113896 6920495 4088141 0 196526336 171190966 29816059 21602289 1277716 2774584 0 218557014 161135260 0 19116662 7254133 1806823 0 171190966 0.91700 0.05200 0.03100 0 0 11777037 11777037 148840578 60870734 87969844 2422025 2422025 0 33302832 25103337 8199495 66041534 57902199 8139335 116085711 GEM COLLECTIONS 36025803 INVESTMENTS IN SUBSIDIARIES 26962605 OTHER ASSETS 137621 RIGHT OF USE ASSETS 879190 64005219 ACCRUED PAYROLL 20005800 OTHER CURRENT LIABILITIES 176546 SALES & USE TAX PAYABLE 3086 OTHER LONG TERM LIABILITIES 647037 ACCRUED PAID TIME OFF 11040968 INTERCOMPANY ACCOUNTS 2315415 LEASE LIABILITY 920692 NONCURRENT RETIREMENT LIABILITY 329395 35438939 X PART III, LINE 4: GIA'S LIBRARY, GEMSTONE, AND JEWELRY COLLECTION IS DISPLAYED IN ITS MUSEUM AND THROUGHOUT GIA; USED FOR PUBLIC EXHIBITION, RESEARCH AND EDUCATION PURPOSES; AND PRESERVED FOR FUTURE GENERATIONS. PART V, LINE 4: GIA USES ENDOWMENT FUNDS FOR ACTIVITIES PURSUANT TO THE INSTITUTE'S MISSION, WHICH IS SUMMARIZED IN THE RESPONSE TO FORM 990, PART III, LINE 1. PART X, LINE 2: AS OF DECEMBER 31, 2024, THE INSTITUTE HAD NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE INSTITUTE WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX BENEFITS AS INCOME TAX EXPENSE WHEN ACCRUED. AS THE INSTITUTE HAD NO LIABILITIES FOR UNCERTAIN TAX POSITIONS, THERE HAS BEEN NO ACCRUAL FOR INTEREST AND PENALTIES FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTE'S BROCHURES AND APPLICATIONS ALL INCLUDE STATEMENTS OF ITS NONDISCRIMINATION POLICY. THE INSTITUTE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE OR WORLDWIDE AND FOLLOWS A NONDISCRIMINATION POLICY. ACCORDINGLY, THE NEWSPAPER OR BROADCAST PUBLICATION REQUIREMENT IS SATISFIED BY ADHERENCE TO REV. PROC. 75-50, SECTION 4.02. LINE 6A - EXPLANATION OF GOVERNMENT FINANCIAL AID: GIA IS ACCREDITED BY ACCSC, WHICH IS RECOGNIZED BY THE US DEPARTMENT OF EDUCATION. GIA PARTICIPATES IN TITLE IV PROGRAMS. GIA ALSO ACCEPTS VETERAN'S BENEFITS FOR PROGRAMS THAT QUALIFY. 1 MIDDLE EAST AND NORTH AFRICA 1 89 PROGRAM SERVICES LAB & RESEARCH SERVICES 9963883 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SCHOLARSHIP GRANTS 175870 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES 112173 EAST ASIA AND THE PACIFIC INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES 3034713 SOUTH ASIA INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES 23556603 MIDDLE EAST AND NORTH AFRICA INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES 272300 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATION SEMINAR 24775 1 89 0 0 1 89 37140317 0 37140317 0 0 SCHOLARSHIP AWARDS EAST ASIA AND THE PACIFIC 37 0 175870 TUITION REDUCTION FMV 0 0 1 0 0 1 PART I, LINE 2: AFTER GIA RECEIVES THE SIGNED ACCEPTANCE FORM AND THE STUDENT ENROLLS, AN AWARD LINE IS SET UP IN THE STUDENT INFORMATION SYSTEM TO READY THE AWARD FOR DISBURSEMENT. THE AWARD IS DISBURSED THROUGH THE SYSTEM AS A CREDIT TO THE STUDENT'S TUITION ACCOUNT. THE FUNDS ARE NOT DISBURSED DIRECTLY TO THE STUDENT UNLESS THE PROVISIONS OF THE SCHOLARSHIP INCLUDE LIVING EXPENSES; ANY SUCH AWARD IS DISBURSED IN THE SAME MANNER AS OTHER FINANCIAL AID DESIGNATED FOR LIVING EXPENSES. THE INTERNATIONAL SCHOOL MUST INITIATE THE PROCESS OF TRANSFERRING FUNDS FROM GIA BY SUBMITTING A WRITTEN INVOICE TO THE SCHOLARSHIP COORDINATOR AT GIA; EMAIL IS ACCEPTABLE. THE INVOICE MUST INCLUDE THE SCHOLARSHIP RECIPIENT'S NAME, STUDENT NUMBER, SCHOLARSHIP AWARD AMOUNT IN LOCAL CURRENCY, NAME OF THE SCHOLARSHIP, AND COURSE ENROLLMENT INFORMATION (START DATE, COURSE NAME AND NUMBER). GIA TRANSFERS THE FUNDS TO THE SCHOOL WHEN THE SCHOLARSHIP RECIPIENTS BEGIN THEIR QUALIFIED COURSE OF STUDY AT GIA (INTERNATIONAL) COMPANY, LTD (AKA GIA THAILAND SCHOOL), GIA HONG KONG LIMITED, OR GIA INSTRUMENT (TAIWAN) CO. (AKA GIA TAIWAN SCHOOL). PART I, LINE 3, COLUMN (E) AND PART II, LINE 1, COLUMN (H): IN 2024, GIA OFFERED A WEEK LONG GEMOLOGY TRAINING SEMINAR FREE OF CHARGE FOR INTERNATIONAL LAW ENFORCEMENT OFFICERS IN BANGKOK, THAILAND. THE PURPOSE OF THE TRAINING SEMINAR WAS TO ASSIST THE LAW ENFORCEMENT OFFICERS IN THE INVESTIGATION AND PROSECUTION OF JEWELRY RELATED CRIMES. GIA DIRECTLY PAID THE SEMINAR-RELATED EXPENSES AND PROVIDED EXPERT INSTRUCTORS FOR THE PROGRAM. PART V: THE AMOUNTS REPORTED IN SCHEDULE F WERE DETERMINED USING THE ACCRUAL METHOD OF ACCOUNTING. 1 VARIOUS LAW ENFORCEMENT AGENCIES GOVERNMENT 0 47771 FMV SEE SUPPLEMENTAL INFORMATION PART IV SUPPORT LAW ENFORCEMENT FUNCTION OF REDUCING THEFT, FRAUD & MISREPRESENTATION AMERICAN GEM SOCIETY 8881 W SAHARA AVE LAS VEGAS NV 89117 951409272 501(C)(6) 500000 29070 COST EDUCATIONAL MATERIALS SUPPORT GEMOLOGY EDUCATION & AGS CONCLAVE PACT INC 1828 L STREET NW NO 300 WASHINGTON DC 20036 132702768 501(C)(3) 287816 7380 COST EDUCATIONAL MATERIALS SUPPORT EDUCATION OF ARTISANAL MINERS IN GEM MINING COMMUNITIES MERCURY FREE MINING INC 4070 SW FAIRHAVEN DR CORVALLIS OR 97333 834627223 501(C)(3) 93224 0 SUPPORT EDUCATION OF ARTISANAL MINERS IN GEM MINING COMMUNITIES JEWELERS FOR CHILDREN 120 BROADWAY SUITE 2820 NEW YORK NY 10271 133716474 501(C)(3) 19000 0 SUPPORT GEMOLOGICAL EDUCATION JOSE HESS DESIGN AWARDS INC 135 JENKINS STREET SUITE 105B-313 SAINT AUGUSTINE FL 32086 922840528 501(C)(3) 15000 0 SUPPORT GEMOLOGICAL EDUCATION DIAMOND EMPOWERMENT FUND INC 85 BROAD STREET 16TH FLOOR NEW YORK NY 10004 205967103 501(C)(3) 13183 0 SUPPORT EDUCATION OF ARTISANAL MINERS IN GEM MINING COMMUNITIES MINERALOGICAL SOCIETY OF AMERICA 3635 CONCORDE PRKWY SUITE 500 CHANTILLY VA 20151 526044250 501(C)(3) 5000 0 ADVANCEMENT OF MINERALOGY, CRYSTALLOGRAPHY, AND GEOCHEMISTRY GEOLOGICAL SOCIETY OF AMERICA FOUNDATION PO BOX 9140 BOULDER CO 80301 742156871 501(C)(3) 5000 0 ADVANCE GEMOLOGICAL EDUCATION WOMEN'S JEWELRY ASSOCIATION INC 125 PARK AVENUE NEW YORK NY 10017 133205392 501(C)(6) 17250 1850 FMV EDUCATIONAL MATERIALS SUPPORT WOMEN-FOCUSED EDUCATION IN GEMOLOGY JEWELERS VIGILANCE COMMITTEE INC 119 WEST 24TH STREET 401 NEW YORK NY 10011 131661424 501(C)(6) 16600 0 SUPPORT CONSUMER PROTECTION & EDUCATION JEWELERS OF AMERICA INC 120 BROADWAY SUITE 2820 NEW YORK NY 10271 530246294 501(C)(6) 8500 0 SUPPORT CONSUMER PROTECTION & EDUCATION NATIONAL PAWNBROKERS ASSOCIATION PO BOX 420 VICTOR NY 14564 650002221 501(C)(6) 5075 0 SUPPORT CONSUMER PROTECTION & EDUCATION BLACK IN JEWELRY COALITION ASSOCIATION INC 391 PENNSYLVANIA AVE FREEPORT NY 11520 852972205 501(C)(6) 2500 4790 FMV EDUCATIONAL MATERIALS SUPPORT GEMOLOGICAL EDUCATION 8 6 SCHOLARSHIP AWARDS 315 0 1656707 FMV TUITION REDUCTION PART I, LINE 2: SCHOLARSHIPS - AFTER GIA RECEIVES THE SIGNED ACCEPTANCE FORM AND THE STUDENT ENROLLS, AN AWARD LINE IS SET UP IN THE STUDENT INFORMATION SYSTEM TO READY THE AWARD FOR DISBURSEMENT. THE AWARD IS DISBURSED THROUGH THE SYSTEM AS A CREDIT TO THE STUDENT'S TUITION ACCOUNT. THE FUNDS ARE NOT DISBURSED DIRECTLY TO THE STUDENT UNLESS THE PROVISIONS OF THE SCHOLARSHIP INCLUDE LIVING EXPENSES; ANY SUCH AWARD IS DISBURSED IN THE SAME MANNER AS OTHER FINANCIAL AID DESIGNATED FOR LIVING EXPENSES. OTHER GRANTS - GIA MAKES LIMITED GRANTS TO ORGANIZATIONS IN ORDER TO FURTHER ITS MISSION, UPON REVIEW AND APPROVAL BY SENIOR EXECUTIVE MANAGEMENT. PART II, LINE 1, COLUMN (H): GIA REGULARLY ORGANIZES AND CONDUCTS SEMINARS FOR THE FBI AND OTHER LAW ENFORCEMENT OFFICIALS. IN 2024, GIA OFFERED TWO WEEK-LONG GEMOLOGY SEMINARS FREE OF CHARGE FOR LAW ENFORCEMENT OFFICERS, ONE IN NEW YORK CITY AND ONE IN CARLSBAD, CALIFORNIA. THE PURPOSE OF THE SEMINARS WAS TO ASSIST LAW ENFORCEMENT OFFICERS IN THE INVESTIGATION AND PROSECUTION OF JEWELRY-RELATED CRIMES. GIA DIRECTLY PAID THE SEMINAR-RELATED EXPENSES AND PROVIDED EXPERT INSTRUCTORS FOR THE PROGRAM. IN 2024, GIA CONTINUED ITS PRACTICE OF FLAGGING STOLEN GEMSTONES IN ITS DATABASE, AND RECOVERED MULTIPLE GEMSTONES IN CASES IN WHICH STONES WERE RESUBMITTED TO THE LABORATORY AFTER HAVING BEEN STOLEN. GIA ALSO GRADED STONES FOR LAW ENFORCEMENT AT NO COST AND RESPONDED TO MANY INFORMATION REQUESTS FROM LAW ENFORCEMENT AGENCIES. FURTHERMORE, GIA PROVIDED MANY DOCUMENTS AT THE REQUEST OF LAW ENFORCEMENT TO ASSIST THEM IN THEIR DUTIES. GIA PARTICIPATED IN AN AGREEMENT WITH U.S. IMMIGRATION AND CUSTOMS ENFORCEMENT TO MAINTAIN A DATABASE OF GEMSTONES TO FACILITATE THE EFFORTS OF TRADE AND LAW ENFORCEMENT OFFICIALS RELATED TO IDENTIFICATION OF NATURAL, TREATED, AND SYNTHETIC STONES AND COUNTRIES OF ORIGIN. GIA ENCOURAGES LAW ENFORCEMENT PERSONNEL TO ENROLL IN GIA EDUCATIONAL COURSES RELATED TO THEIR OFFICIAL DUTIES AND DOES NOT CHARGE FOR SUCH ENROLLMENTS. X X X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 DAVID LIN VP & CISO 164690 0 0 0 624907 0 18254 0 21042 0 828893 0 0 0 SUSAN JACQUES PRESIDENT/CEO 683313 0 0 0 5065 0 27600 0 33477 0 749455 0 0 0 THOMAS MOSES EXECUTIVE VP 623143 0 0 0 8361 0 27600 0 28724 0 687828 0 0 0 SOON RAAB SVP & CHIEF PEOPLE OFFICER 239169 0 0 0 113258 0 220269 0 10138 0 582834 0 0 0 DAVID TEARLE SVP & CFO 471593 0 0 0 4864 0 27600 0 29474 0 533531 0 0 0 PRITESH PATEL SVP & COO 435623 0 0 0 2743 0 27600 0 40651 0 506617 0 0 0 ADITYA KASHYAP VP, PRODUCT MANAGEMENT 333825 0 50000 0 1786 0 27600 0 12184 0 425395 0 0 0 JOHN HALL VP & CIO 0 0 0 0 403635 0 10500 0 0 0 414135 0 0 0 DUNCAN PAY SVP, CHIEF ACADEMIC OFFICER 331627 0 0 0 3622 0 27040 0 35997 0 398286 0 0 0 ELIZABETH KEATING VP & CHIEF ETHICS/COMPL OFFICER 318408 0 0 0 8345 0 25698 0 26724 0 379175 0 0 0 BRANDON PACE SVP & GENERAL COUNSEL (INCOMING) 324835 0 0 0 3567 0 26048 0 18254 0 372704 0 0 0 CLAUDIA DANDREA DIRECTOR, LAB OPERATIONS 290001 0 0 0 32872 0 15099 0 24038 0 362010 0 0 0 WUYI WANG VP, RESEARCH & DEVELOPMENT 315438 0 0 0 3622 0 25357 0 14333 0 358750 0 0 0 JOHANNA LEVY VP, ENVIR., SOCIAL & GOVERNANCE 285888 0 0 0 2760 0 23823 0 41564 0 354035 0 0 0 LISA BIGGS VP, CHIEF ACCOUNTING OFFICER 312145 0 0 0 2110 0 24960 0 3901 0 343116 0 0 0 JENNIFER WILSON SVP & GENERAL COUNSEL (OUTGOING) 188587 0 50000 0 40571 0 22304 0 13351 0 314813 0 0 0 PART I, LINE 1A GROSS-UPS - ON OCCASION, GROSS-UP PAYMENTS ASSOCIATED WITH TAXABLE BENEFITS ARE PROVIDED. IN SUCH CASES, BOTH THE BENEFIT AND THE GROSS-UP AMOUNT ARE REPORTED AS TAXABLE COMPENSATION ON THE EMPLOYEE'S FORM W-2. GROSS-UPS ARE AVAILABLE TO ALL EMPLOYEE GROUPS. ALLOWANCE - ONE EMPLOYEE RECEIVES AN ALLOWANCE AS PROVIDED IN HER EMPLOYMENT AGREEMENT. THE ARRANGEMENT WAS APPROVED IN ADVANCE BY DISINTERESTED MEMBERS OF MANAGEMENT BASED ON EXPERT OPINION THAT THE ARRANGEMENT WAS REASONABLE. THE BENEFIT IS REPORTED AS TAXABLE COMPENSATION ON THE EMPLOYEE'S FORM W-2. HEALTH CLUB FEES - GIA PROVIDES AN ANNUAL WELLNESS REIMBURSEMENT UP TO $300. THE REIMBURSEMENT MAY BE USED TO COVER AN EMPLOYEE'S HEALTH CLUB OR FITNESS PROGRAM MEMBERSHIP FEE. GIA WILL ONLY REIMBURSE THE EMPLOYEE ONCE RECEIPTS ARE SUBMITTED. THIS REIMBURSEMENT IS AVAILABLE TO ALL EMPLOYEES. THE BENEFIT IS REPORTED AS TAXABLE COMPENSATION ON THE EMPLOYEE'S FORM W-2. PART I, LINE 4A SEPARATION PAYMENTS WERE MADE, AS FOLLOWS: $563,637 TO DAVID LIN, OUTGOING CHIEF INFOSEC OFFICER $403,635 TO JOHN HALL, OUTGOING CHIEF INFORMATION OFFICER $83,656 TO SOON RABB, OUTGOING CHIEF PEOPLE OFFICER PART I, LINE 7 THE BOARD OF GOVERNORS HAS THE DISCRETION TO APPROVE SPECIAL AWARDS EACH YEAR IN RECOGNITION OF TEAM CONTRIBUTIONS TO ACHIEVING ORGANIZATIONAL GOALS. WITHIN EACH TEAM, AWARDS ARE ALLOCATED ACCORDING TO INDIVIDUAL EMPLOYEE PERFORMANCE MEASURES. THESE AMOUNTS ARE LISTED IN SCHEDULE J, PART II, COLUMN B(II). PART II, COLUMN B(III): THE 'OTHER REPORTABLE COMPENSATION' REPORTED IN COLUMN B(III) CONSISTS OF AMOUNTS PAID FOR GROUP TERM LIFE INSURANCE IN EXCESS OF $50,000 AND CASH-OUTS OF EARNED PAID TIME OFF (BOTH OF WHICH WERE OFFERED TO ALL EMPLOYEES) AS WELL AS SEPARATION PAYMENTS MADE TO THREE EMPLOYEES PER THEIR SEPARATION AGREEMENTS. SEE PART V SEE PART V 555132 SEE PART V 0 SCHEDULE L, PART IV, LINE 1: THE INSTITUTE STRIVES TO MAINTAIN A BOARD OF GOVERNORS COMPOSED OF OUTSTANDING INDIVIDUALS WITH VARIED BACKGROUNDS WHO ARE ABLE TO CONTRIBUTE IMPORTANTLY TO THE ACCOMPLISHMENT OF THE INSTITUTE'S EXEMPT PURPOSES. THESE INCLUDE EXPERTS FROM THE FIELDS OF SCIENCE, ACADEMIA, FINANCE AND BUSINESS. THE INSTITUTE IS ALSO FORTUNATE TO HAVE BEEN ABLE TO RECRUIT A NUMBER OF OUTSTANDING EXPERTS (BOTH RETIRED AND ACTIVE) IN THE VARIOUS ASPECTS OF GEMS AND JEWELRY. THEREFORE, IT IS NOT SURPRISING THAT FIRMS ASSOCIATED WITH SOME OF THESE GOVERNORS HAVE PARTICIPATED IN THE INSTITUTE'S THREE EXEMPT ACTIVITIES PREVIOUSLY REPORTED TO AND APPROVED BY THE IRS: EDUCATION, RESEARCH, AND GEM LABORATORY ACTIVITIES. (IN ADDITION, A RELATIVELY SMALL PORTION OF THE TRANSACTIONS INVOLVED SALES OF GEMOLOGICAL INSTRUMENTS, BOOKS AND SUPPLIES WHICH HAVE BEEN REPORTED AS NONEXEMPT ACTIVITIES.) SUCH PARTICIPATION BY THESE FIRMS, HOWEVER, BEGAN BEFORE THE ELECTION OF THESE INDIVIDUALS TO THE BOARD OF GOVERNORS AND REPRESENTS A TINY FRACTION OF THE TOTAL ACTIVITIES REPORTED ON FORM 990. OBVIOUSLY, TO BAR FIRMS AFFILIATED WITH BOARD MEMBERS FROM UTILIZING THE SERVICES OF THE INSTITUTE THEY HAD PREVIOUSLY ENJOYED WOULD LIKELY DEPRIVE GIA OF THE SERVICES OF COMMITTED AND TALENTED LEADERS SUCH AS THESE.IN 2024, ONE FIRM ASSOCIATED WITH A MEMBER OF THE BOARD OF GOVERNORS ENGAGED IN TRANSACTIONS WITH GIA. THE FEES PAID TO GIA WERE THE SAME AS THOSE PAID BY ANY OTHER SIMILARLY-SITUATED CLIENT. THE FIRM WAS A CLIENT OF THE GIA LABORATORY BEFORE THE AFFILIATED INDIVIDUAL BECAME A MEMBER OF THE BOARD OF GOVERNORS.(A) NAME OF INTERESTED PERSON: ROSY BLUE, INC.(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: RUSSELL MEHTA IS A MEMBER OF GIA'S BOARD OF GOVERNORS AND IS A PRINCIPAL OF ROSY BLUE, INC.(C) AMOUNT OF TRANSACTION: $555,132 (D) DESCRIPTION OF TRANSACTION: LABORATORY SERVICES X 39 977417 SALE OF COMP. PROP. 10 0 1 0 PART I, COLUMN (B): GIA IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, ITEM L, YEAR OF FORMATION: THE GEMOLOGICAL INSTITUTE OF AMERICA WAS ESTABLISHED IN 1931 BY ROBERT M. SHIPLEY WHO INTRODUCED CORRESPONDENCE COURSES IN THE SAME YEAR. SUBSEQUENTLY, GIA CORPORATIONS WERE FORMED IN OHIO AND IN CALIFORNIA. THE CURRENT GEMOLOGICAL INSTITUTE OF AMERICA, INC. ("GIA OR "THE INSTITUTE") IS A CALIFORNIA NONPROFIT, PUBLIC BENEFIT CORPORATION, WHICH IS THE SUCCESSOR TO THE CALIFORNIA CORPORATION INITIALLY INCORPORATED IN 1982, WHICH IN TURN IS THE SUCCESSOR TO THE OHIO CORPORATION INCORPORATED IN 1943. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: GIA IS THE WORLD'S LARGEST AND MOST RESPECTED NONPROFIT INSTITUTE OF GEMOLOGICAL LEARNING AND RESEARCH. THE INSTITUTE'S MISSION AND MOST SIGNIFICANT ACTIVITIES ARE (A) OPERATING A SCHOOL PROVIDING EDUCATION AND GRANTING DIPLOMAS IN GEMOLOGY AND RELATED AREAS; (B) PROTECTING THE PUBLIC FROM MISREPRESENTATION PERTAINING TO GEMS, DETERRING GEM THEFT, ASSISTING IN THE RECOVERY OF STOLEN PROPERTY AND PROSECUTION OF CRIMINALS, AND PROMOTING STATE-OF-THE-ART RESEARCH INTO THE TECHNIQUES BY WHICH GEMS ARE MODIFIED TECHNOLOGICALLY OR GROWN IN A LABORATORY; AND (C) SUPPORTING, PERFORMING, AND PUBLISHING SCIENTIFIC RESEARCH AND ANALYSIS RELATED TO GEMS AND GEMOLOGY AND LEARNING IN RELATED FIELDS. GIA OFFERS A COMPREHENSIVE GEMOLOGY CURRICULUM TAUGHT BY A FULL-TIME, PROFESSIONAL FACULTY TO REGULARLY ENROLLED STUDENTS AT ITS ON-CAMPUS FACILITIES IN CARLSBAD, CALIFORNIA AND NEW YORK CITY, NEW YORK, AND THROUGH SUBSIDIARIES IN VARIOUS OTHER COUNTRIES. GIA ALSO OFFERS EXTENSIVE DISTANCE EDUCATION. GIA'S RESEARCHERS UTILIZE SOPHISTICATED ANALYTICAL TECHNIQUES AND EQUIPMENT TO ADVANCE THE SCIENCE OF GEMOLOGY, AND TO DETECT LABORATORY GROWN AND ALTERED GEMS. GIA'S LIBRARY AND QUARTERLY PUBLICATION, GEMS & GEMOLOGY, COLLECT AND DISSEMINATE RESEARCH ON GEMS. GIA'S LABORATORY PROTECTS THE PUBLIC FROM MISREPRESENTATION ABOUT GEMS, DETERS GEM THEFT, AND HELPS LAW ENFORCEMENT BY TRACING STOLEN GEMS, WHILE PROMOTING STATE-OF-THE-ART RESEARCH. GIA HAS BEEN CERTIFIED BY THE RESPONSIBLE JEWELLERY COUNCIL SINCE 2011, AS MEETING THE HIGHEST ETHICAL, SOCIAL AND ENVIRONMENTAL STANDARDS ESTABLISHED BY THE RJC'S CODE OF PRACTICES. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE INSTITUTE'S MISSION AND MOST SIGNIFICANT ACTIVITIES ARE (A) OPERATING A SCHOOL PROVIDING EDUCATION AND GRANTING DIPLOMAS IN GEMOLOGY AND RELATED AREAS; (B) PROTECTING THE PUBLIC FROM MISREPRESENTATION PERTAINING TO GEMS, DETERRING GEM THEFT, ASSISTING IN THE RECOVERY OF STOLEN PROPERTY AND PROSECUTION OF CRIMINALS, AND PROMOTING STATE-OF-THE-ART RESEARCH INTO THE TECHNIQUES BY WHICH GEMS ARE MODIFIED TECHNOLOGICALLY OR GROWN IN A LABORATORY; AND (C) SUPPORTING, PERFORMING, AND PUBLISHING SCIENTIFIC RESEARCH AND ANALYSIS RELATED TO GEMS AND GEMOLOGY AND LEARNING IN RELATED FIELDS. FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE: EDUCATION: GIA OFFERS A COMPREHENSIVE GEMOLOGY CURRICULUM AT THE INSTITUTE'S CALIFORNIA AND NEW YORK CAMPUSES, AND THROUGH INTERNATIONAL SUBSIDIARIES IN INDIA, THAILAND, HONG KONG, SOUTH AFRICA, BOTSWANA, TAIWAN, AND THE UNITED KINGDOM. DISTANCE EDUCATION COURSES ARE DISTRIBUTED DOMESTICALLY AND INTERNATIONALLY IN A VARIETY OF LANGUAGES. IN 2024, TOTAL ENROLLMENTS WERE APPROXIMATELY 19,300, COMPRISED OF 2,900 ON-CAMPUS AND 16,400 THROUGH DISTANCE EDUCATION. GIA'S EDUCATIONAL OFFERINGS COVER THE GAMUT OF GEMOLOGY SUBJECTS, INCLUDING, BUT NOT LIMITED TO: (A) THE USE OF GEMOLOGICAL INSTRUMENTS, (B) THE OPTICAL AND PHYSICAL PROPERTIES OF DIAMONDS, GEMSTONES, PEARLS AND OTHER NATURAL ORGANIC GEM MATERIALS, (C) LABORATORY GROWN DIAMONDS AND DIAMOND SIMULANTS, (D) DETECTION OF FRACTURE-FILLED DIAMONDS AND LABORATORY GROWN DIAMONDS, (E) DETERMINATION OF COLOR, CLARITY, CUT, AND CARAT WEIGHT OF DIAMONDS, (F) APPLICATION OF FTC GUIDELINES FOR JEWELRY TRANSACTIONS, (G) DETECTION OF LABORATORY GROWN, TREATED, IMITATION OR ASSEMBLED COLORED GEM MATERIALS, AND (H) DETECTION OF CULTURED, IMITATION, ASSEMBLED AND TREATED PEARLS. GIA OFFERS VARYING LEVELS OF CERTIFICATION IN THE AREAS OF DIAMONDS, COLORED STONES, PEARLS, AND JEWELRY. A GRADUATE GEMOLOGIST (G.G.) DIPLOMA FROM GIA IS RECOGNIZED AROUND THE GLOBE AS A KEY CREDENTIAL IN THE GEMOLOGICAL WORLD. IN 2003, IN RESPONSE TO THE NEED FOR QUALITY SCIENCE COURSES FOR CHILDREN, GIA CREATED THE JUNIOR GEMOLOGIST PROGRAM. THE GEMKIDS PROGRAM TEACHES GEMOLOGY, GEOLOGY AND MINERALOGY TO LOCAL STUDENTS AND YOUTH GROUPS, WITH INSTRUCTION PROVIDED BY THE INSTITUTE'S INSTRUCTORS AND MEMBERS OF THE GEM AND JEWELRY INDUSTRY. GEMKIDS PARTICIPATION AT GIA EVENTS IN 2024 RESULTED IN 7,000 CONTACTS WITH KIDS, PARENTS, AND EDUCATORS. GIA HAS ALSO CURATED THE GEMKIDS WEBSITE SINCE 2014, BRINGING INTERACTIVE, ONLINE GEMOLOGY AND GEOLOGY EDUCATION TO STUDENTS AGES 9-12. IN 2024, GIA BEGAN HOSTING "ON DEMAND" RECRUITING EVENTS AS A MORE EFFECTIVE STRATEGY FOR CONNECTING STUDENTS WITH THE INDUSTRY'S TOP RETAILERS, MANUFACTURERS, LABORATORIES AND WHOLESALERS, AND HELD SEVERAL SUCH EVENTS DURING THE YEAR. THE MISSION OF THE INSTITUTE'S RICHARD T. LIDDICOAT GEMOLOGICAL LIBRARY AND INFORMATION CENTER IN CARLSBAD, CALIFORNIA IS TO CONTINUE AS THE WORLD'S PREMIER RESOURCE FOR INFORMATION IN THE FIELDS OF GEM AND JEWELRY-RELATED STUDIES. AS SUCH, THE INSTITUTE PROMOTES THE USE OF ITS RESOURCES FOR EDUCATION AND RESEARCH BY THE PUBLIC, THE GEM AND JEWELRY INDUSTRY, AND THE INSTITUTE'S STUDENTS, FACULTY AND ALUMNI. THE INSTITUTE'S LIBRARY HOUSES THE WORLD'S LARGEST COLLECTION OF DIAMOND, GEM AND JEWELRY RESOURCE MATERIALS. WHETHER BY PHONE, E-MAIL OR IN PERSON, THE LIBRARY STAFF SERVES SCIENTISTS, JEWELERS, GEMOLOGISTS AND STUDENTS FROM EVERY CORNER OF THE GLOBE. THE EXPERT LIBRARY STAFF DRAWS UPON A GROWING COLLECTION OF OVER 17,800 ITEMS IN ITS CIRCULATING COLLECTION, OVER 50,100 ITEMS IN THE RENOWNED CARTIER RARE BOOK REPOSITORY AND ARCHIVES, OVER 271,000 PHOTOGRAPHIC IMAGES, 2,000 VIDEOS (VHS AND DVD FORMAT), APPROXIMATELY 1,200 JOURNAL AND MAGAZINE TITLES, 250 CD-ROMS AND 130 AUDIO CDS TO PROVIDE READY REFERENCE IN THE FIELDS OF GEMOLOGY AND JEWELRY. GIA'S LIBRARY COLLECTION ALSO INCLUDES 472 UNIQUE EBOOK TITLES (464 COPIES OF EBOOKS AND 8 AUDIOBOOKS) PURCHASED THROUGH OVERDRIVE, A DIGITAL CONTENT PROVIDER. THE EBOOK COLLECTION IS ACCESSIBLE THROUGH THE LIBBY APP. THERE ARE 1,156 DIGITIZED VERSIONS OF RARE WORKS, SCANNED FROM ITS COLLECTION, AVAILABLE ON INTERNET ARCHIVE (ARCHIVE.ORG). THE INSTITUTE'S MUSEUM EDUCATES THE PUBLIC ON GEMS AND GEMOLOGY, DISPLAYING CUT GEMS, MINERAL SPECIMENS AND JEWELRY YEAR-ROUND AT THE INSTITUTE'S CALIFORNIA CAMPUS. DURING 2024, SELECTED ITEMS FROM THE MUSEUM'S COLLECTION WERE INCLUDED IN SPECIAL EXHIBITS AT VARIOUS EVENTS, IN ORDER TO BRING THE SCIENCE AND BEAUTY OF GEMS TO NEW AUDIENCES. AS DISCUSSED BELOW, THE INSTITUTE PUBLISHES "GEMS & GEMOLOGY," A PEER REVIEWED JOURNAL THAT EDUCATES ITS READERSHIP ABOUT THE LATEST DISCOVERIES IN GEMOLOGY. FORM 990, PART III, LINE 4B, DESCRIPTION OF PROGRAM SERVICE: LABORATORY: THE MISSION OF THE INSTITUTE'S LABORATORY IS TO PROTECT THE PUBLIC FROM MISREPRESENTATION PERTAINING TO GEMS (WHETHER INNOCENT, NEGLIGENT OR INTENTIONAL), TO DETER GEM THEFT, TO ASSIST IN RECOVERY OF STOLEN PROPERTY AND PROSECUTION OF CRIMINALS, AND TO PROMOTE STATE-OF-THE-ART RESEARCH INTO THE TECHNIQUES BY WHICH GEMS ARE MODIFIED TECHNOLOGICALLY OR GROWN IN A LABORATORY. THE FBI'S JEWELRY AND GEM PROGRAM HAS DESIGNATED GIA AS A PARTNER LISTED ON THE FBI WEBSITE IN COMBATING GEM THEFT. IN 2024, GIA CONTINUED ITS PRACTICE OF FLAGGING STOLEN GEMSTONES IN ITS DATABASE, AND RECOVERED MULTIPLE GEMSTONES IN CASES IN WHICH STONES WERE RESUBMITTED TO THE LABORATORY AFTER HAVING BEEN STOLEN. GIA ALSO GRADED STONES FOR LAW ENFORCEMENT AT NO COST AND RESPONDED TO MANY INFORMATION REQUESTS FROM LAW ENFORCEMENT AGENCIES. FURTHERMORE, GIA PROVIDED MANY DOCUMENTS AT THE REQUEST OF LAW ENFORCEMENT TO ASSIST THEM IN THEIR DUTIES. THE LABORATORY FULFILLS ITS MISSION BY EXAMINING AND CLASSIFYING INDIVIDUAL GEM MATERIALS SUBMITTED TO THE GIA LABORATORY AND ITS INTERNATIONAL SUBSIDIARIES' LABORATORIES. NATURAL AND LABORATORY GROWN DIAMONDS ARE IDENTIFIED AND GRADED, WITH REPORTS ISSUED ON THEIR PRECISE IDENTIFYING FEATURES AND WITH QUALITY ASSESSMENTS ON THE 4CS: COLOR, CLARITY, CUT AND CARAT WEIGHT. COLORED GEMSTONES, LABORATORY GROWN COLORED STONES, PEARLS AND CULTURED PEARLS ARE IDENTIFIED, WITH REPORTS ISSUED UPON CLIENT REQUEST. THE DISTINGUISHING CHARACTERISTICS AND FEATURES OF A GIVEN GEM ARE UNIQUE TO THAT GEM IN MUCH THE SAME WAY A FINGERPRINT IS UNIQUE TO AN INDIVIDUAL PERSON. ONCE A GEM HAS BEEN SUBMITTED FOR EXAMINATION, ITS CHARACTERISTICS AND FEATURES ARE RECORDED FOR FUTURE REFERENCE IN CASE IT IS EVER RESUBMITTED, EITHER IN THE NORMAL COURSE OF EVENTS OR IN QUESTIONABLE CIRCUMSTANCES, SUCH AS WITH LOST OR STOLEN ITEMS. ADDITIONALLY, IF REQUESTED, AN IDENTIFICATION CODE CAN BE LASER INSCRIBED UPON THE GEM. THE SUBSTANTIAL AND CONTINUOUS VOLUME OF GEM MATERIALS THAT ARE SUBMITTED FOR EXAMINATION, TOGETHER WITH THE LARGE COLLECTION OF COMPARISON GEMS ACQUIRED BY GIA, CONSTITUTE AN INVALUABLE DATABASE FOR THE RESEARCH AND PUBLIC SERVICE CONDUCTED BY THE INSTITUTE. TO MAKE THIS PUBLIC SERVICE POSSIBLE, GIA CHARGES RELATIVELY MODEST FEES THAT VARY BY THE TYPE AND SIZE OF THE GEM MATERIAL. IT SHOULD BE NOTED THAT GIA DOES NOT APPRAISE ANY GEM MATERIALS OR OTHERWISE ESTABLISH THEIR MARKET VALUE. COMMERCE IN GEMS IS GLOBAL, WITH THE RESULT THAT MANY GEM MATERIALS SOLD BY FOREIGN GEM OWNERS OR DEALERS ULTIMATELY FIND THEIR WAY TO THE U.S. MARKET, EITHER THROUGH WHOLESALE DISTRIBUTION OR FUTURE RESALE. MOST DIAMONDS PURCHASED IN THE U.S. HAVE BEEN MINED AND PROCESSED OUTSIDE OF THIS COUNTRY. SOME PROPORTION OF THOSE DIAMONDS HAVE HISTORICALLY NOT BEEN SUBMITTED TO GIA'S LABORATORY BECAUSE OF THE GEOGRAPHIC DISTANCE BETWEEN GIA'S LABORATORY FACILITIES IN CALIFORNIA AND NEW YORK AND THE DISTANT LOCATIONS OF MINES AND DEALERS. TO ENHANCE ITS ABILITY TO PURSUE THE MISSION OF PROTECTING THE GEM PURCHASING PUBLIC, DETERRING THEFT, AND ASSISTING IN RECOVERY OF STOLEN PROPERTY AND PROSECUTION OF CRIMINALS, GIA OPERATES LABORATORIES THROUGH ITS BRANCHES AND WHOLLY-OWNED SUBSIDIARIES IN BOTSWANA, HONG KONG, INDIA, ISRAEL, JAPAN, SOUTH AFRICA, THAILAND, UNITED ARAB EMIRATES, AND THE UNITED KINGDOM. IN 2023, GIA BEGAN OFFERING INDEPENDENT GEM AND JEWELRY VERIFICATION SERVICES FOR MULTISIDED PLATFORMS, WHICH ADVANCES GIA'S MISSION OF PROTECTING THE PUBLIC FROM MISREPRESENTATION PERTAINING TO GEMS. PREVIOUSLY, BUYERS ON SUCH PLATFORMS COULD NOT CHECK THE AUTHENTICITY OF THE CLAIMS MADE BY THE SELLERS PRIOR TO PURCHASING. UNDER THE ARRANGEMENTS WITH GIA, ITEMS ARE VERIFIED BY GIA PRIOR TO DELIVERY TO THE BUYER TO DETERMINE THE ACCURACY AND AUTHENTICITY OF THE SELLER'S CLAIMS REGARDING THE COMPOSITION AND CHARACTERISTICS OF THE GEMS/ JEWELRY. AS THE MARKETPLACES FOR GEMS AND JEWELRY EVOLVE, GIA CONTINUES TO ADAPT AND FIND EFFECTIVE WAYS TO CONTRIBUTE TO THE PROTECTION OF THE PUBLIC. FORM 990, PART III, LINE 4C, PROGRAM SERVICE: RESEARCH & PUBLICATIONS: THE INSTITUTE'S RESEARCHERS UTILIZE SOPHISTICATED ANALYTICAL TECHNIQUES AND SCIENTIFIC EQUIPMENT TO ADVANCE THE SCIENCE OF GEMOLOGY, INCLUDING DETECTION OF LABORATORY GROWN GEMS, CULTURED PEARLS AND TREATED NATURAL GEMS. THE MISSION OF THE RESEARCH DEPARTMENT IS TO (1) CHARACTERIZE THE GEMOLOGICAL PROPERTIES OF GEM MATERIALS AND DEVELOP PRACTICAL WAYS TO IDENTIFY THEM; (2) UNDERSTAND THE CONDITIONS OF GEMSTONE FORMATION IN THE EARTH, AS WELL AS THE CONDITIONS OF GEM TREATMENT AND EVALUATION OF ANY LABORATORY GROWTH PROPERTIES, AS A FURTHER BASIS FOR DEVELOPING MEANS OF GEM IDENTIFICATION; (3) INVESTIGATE THE FACTORS THAT ARE RESPONSIBLE FOR THE APPEARANCE OF DIAMONDS AND OTHER GEM MATERIALS, SO AS TO ESTABLISH METHODS TO EVALUATE THEIR QUALITY; AND (4) DESIGN AND IMPROVE INSTRUMENTS FOR GEM STONE TESTING. THE INSTITUTE IS THE WORLD LEADER IN RESEARCHING THE METHODS BY WHICH GEM MATERIALS CAN BE ENHANCED IN COLOR OR CLARITY OR GROWN IN A LABORATORY. THIS RESEARCH HELPS PROTECT THE PUBLIC FROM POSSIBLE MISREPRESENTATIONS PERTAINING TO GEM MATERIALS. THE INSTITUTE ACTS AS A CONSUMER ADVOCATE TO ENSURE THAT CONSUMERS, ALONG WITH RETAILERS AND WHOLESALERS, ARE FULLY APPRISED OF THE TRUE CHARACTER - NATURAL, TREATED, OR LABORATORY GROWN - OF ANY SPECIFIC GEM. SINCE 2011, GIA HAS PARTICIPATED IN AN AGREEMENT WITH UNITED STATES CUSTOMS AND BORDER PROTECTION TO COLLABORATE ON ANALYSES OF GEMSTONES IN ORDER TO DETERMINE THEIR IDENTITY (NATURAL, TREATED-NATURAL OR LABORATORY GROWN), INDICATIONS OF COUNTRY OF ORIGIN, AND DEVELOP A DATABASE FOR INTERNATIONAL, FEDERAL, STATE, AND LOCAL LAW ENFORCEMENT THAT WILL FACILITATE TRADE AND LAW ENFORCEMENT. THIS COLLABORATION HELPS TO LESSEN THE BURDENS OF GOVERNMENT. IN 2014, GIA INTRODUCED THE GIA DIAMONDCHECK, A DEVICE THAT DRAWS ON GIA'S DECADES OF RESEARCH TO ASSIST IN THE IDENTIFICATION OF DIAMONDS THAT ARE POTENTIALLY LABORATORY GROWN OR COLOR-TREATED. AS PART OF ITS PUBLIC BENEFIT MISSION, GIA, WORKING WITH THE WORLD FEDERATION OF DIAMOND BOURSES (WFDB), MADE THE DIAMONDCHECK AVAILABLE AT NO COST TO 20 DIAMOND BOURSES AND OTHER ORGANIZATIONS AROUND THE WORLD. IN 2017, GIA INTRODUCED A PORTABLE INSTRUMENT ID100 FOR QUICK SEPARATION OF NATURAL DIAMONDS FROM LAB GROWN DIAMONDS. IN 2023, GIA LAUNCHED MATCH ID, A PORTABLE DEVICE THAT CAN AUTOMATICALLY VERIFY DIAMOND IDENTITY BASED ON IMAGES OF LASER INSCRIPTIONS. TO DISSEMINATE THEIR FINDINGS, GIA RESEARCHERS SPEAK AT SEMINARS, POST DEVELOPMENTS ONLINE ON THE GIA WEBSITE, AND PUBLISH FREQUENTLY IN SCHOLARLY TEXTS AND JOURNALS, INCLUDING "GEMS & GEMOLOGY," GIA'S QUARTERLY SCIENTIFIC PUBLICATION. GEMS & GEMOLOGY, WHICH HAS BEEN IN CONTINUOUS PUBLICATION FOR 91 YEARS, PROVIDES INFORMATION ON NEW GEM MATERIALS, GEM LOCALITIES, TREATMENT AND LAB GROWTH TECHNIQUES, AND IDENTIFICATION METHODS. THE JOURNAL KEEPS STUDENTS AND PROFESSIONALS ALIKE UP-TO-DATE ON THE MOST CRITICAL TOPICS IN GEMOLOGY. IN RECENT YEARS, THE PUBLICATION OF ITS RESEARCH BY GIA SCIENTISTS HAS BEEN INCLUDED IN PROMINENT JOURNALS SUCH NATURE AND SCIENCE, OFTEN IN COLLABORATION WITH OTHER RESEARCHERS FROM OTHER INSTITUTIONS. GIA HAS PUBLISHED THREE BOOKS CONTAINING ARTICLES FROM GEMS & GEMOLOGY, ON SYNTHETIC, COLORED AND TREATED DIAMONDS. THERE IS A CONSTANT DEMAND FOR BACK ISSUES BY STUDENTS, PROFESSIONALS AND HOBBYISTS RESEARCHING NUMEROUS GEMOLOGICAL SUBJECTS. IN ADDITION, GIA SUMMARIZES TECHNICAL ARTICLES PUBLISHED BY GIA RESEARCHERS IN GEMS & GEMOLOGY FOR REPUBLICATION IN TRADE JOURNALS NATIONALLY AND INTERNATIONALLY, SO THE INFORMATION CAN BE BROADLY DISSEMINATED. SINCE NOVEMBER 2008, THE JOURNAL HAS BEEN AVAILABLE ONLINE AS WELL AS IN PRINT. BEGINNING IN 2013, GIA MADE ALL OF ITS CURRENT AND BACK ISSUES OF GEMS & GEMOLOGY AVAILABLE ONLINE AT NO COST, AS WELL AS SUPPLEMENTAL MEDIA AND DATA. GIA ALSO LAUNCHED THE GEM ENCYCLOPEDIA IN 2013, WHICH MAKES DETAILED BUT USER-FRIENDLY INFORMATION ON A RANGE OF GEMSTONES AVAILABLE TO THE GENERAL PUBLIC ON ITS WEBSITE. GIA'S WEBSITE IS AVAILABLE IN THREE LANGUAGES. IN 2020, GIA INITIATED A FACEBOOK GROUP, WHICH HAS NEARLY 45,000 MEMBERS AND WHERE GIA POSTS RESEARCH AND EDUCATIONAL CONTENT. WEBSITE PAGES VIEWS FOR THE YEAR 2024: GEMS & GEMOLOGY: 517,957 RESEARCH & NEWS: 307,373 PUBLICATION INFORMATION FOR THE YEAR 2024: ISSUES DISTRIBUTED TO SUBSCRIBERS: 2,507 CURRENT ISSUES ORDERED: 2,271 BACK ISSUES ORDERED: 1,154 TOTAL ISSUES: 5,932 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF GOVERNORS DELEGATES THE DETAILED REVIEW AND APPROVAL OF FORM 990 TO A 990 REVIEW TEAM. THE 990 REVIEW TEAM CONSISTS OF: GIA PRESIDENT / CEO; ITS SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER; ITS SENIOR VICE PRESIDENT AND GENERAL COUNSEL; GIA'S OUTSIDE COUNSEL SPECIALIZING IN NON-PROFIT AND TAX MATTERS; AND THE VICE PRESIDENT OF GLOBAL TAX OF GIA. THE 990 REVIEW TEAM SCHEDULES A MEETING WITH THE FIRM THAT PREPARES THE FORM 990 TO CONDUCT A DETAILED REVIEW. THE FIRM RESPONDS TO ANY OUTSTANDING QUESTIONS OR CONCERNS RAISED BY THE 990 REVIEW TEAM. ONCE THE REVIEW TEAM COMPLETES ITS DETAILED REVIEW, THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF GOVERNORS PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICIES THROUGH ANNUAL CIRCULATION OF A CONFLICT OF INTEREST QUESTIONNAIRE, WHICH IS COMPLETED AND SIGNED BY ALL MEMBERS OF THE BOARD OF GOVERNORS, OFFICERS, AND MEMBERS OF EXECUTIVE MANAGEMENT. IN ADDITION, GIA REQUIRES ALL EMPLOYEES (INCLUDING THOSE OF ITS INTERNATIONAL AFFILIATES) TO REVIEW ITS CODE OF CONDUCT, AS IT MAY BE AUGMENTED BY GIA FROM TIME TO TIME, AND TO ACKNOWLEDGE BY SIGNATURE ADHERENCE TO ITS ETHICAL STANDARDS, INCLUDING ITS CONFLICT OF INTEREST POLICIES, AS A CONDITION OF EMPLOYMENT. THE LEGAL DEPARTMENT REVIEWS CONTRACTUAL RELATIONSHIPS ENTERED INTO BY THE ORGANIZATION AND IS RESPONSIBLE FOR MONITORING CONFLICTS OF INTEREST AS REPORTED THROUGH DISCLOSURES AND BY OTHER MEANS. FURTHER, IT IS INCUMBENT UPON ALL OF THE AFOREMENTIONED PARTIES TO DISCLOSE ANY CONFLICTS OF INTEREST IN THE COURSE OF THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS EXECUTIVE COMMITTEE MEETS ANNUALLY TO REVIEW THE OFFICER COMPENSATION AND TO SET THE PAY RATE FOR THE SUBSEQUENT YEAR. GIA HAS RETAINED THE SERVICES OF MERCER, INTERNATIONAL COMPENSATION AND BENEFITS CONSULTANTS, WHICH DISTRIBUTES PERIODIC MARKET PAY COMPARISONS OF COMPARABLE JOBS TO THOSE OF GIA OFFICERS. THIS INFORMATION IS PROVIDED TO THE BOARD EXECUTIVE COMMITTEE FOR REVIEW AND USE. IN THE INTERIM YEARS BETWEEN COMPREHENSIVE MARKET STUDIES, GIA OBTAINS SUCH MARKET DATA AS AVERAGE MERIT INCREASES FROM MERCER AND ALSO TAKES THE CPI INTO CONSIDERATION. FORM 990, PART VI, SECTION C, LINE 19 GIA'S EMPLOYEE CODE OF CONDUCT, WHICH INCLUDES A SECTION ON CONFLICTS OF INTEREST, IS POSTED ON GIA'S WEBSITE. THIS CODE GOVERNS EMPLOYEES OF GIA AND ITS GLOBAL SUBSIDIARIES. FINANCIAL STATEMENTS ARE INCORPORATED INTO THE FORM 990, WHICH IS AVAILABLE TO THE PUBLIC. THE INSTITUTE'S GOVERNING DOCUMENTS ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: THE BOARD PERIODICALLY REVIEWS THE BOARD COMPENSATION PROCESS AND SETS NEW COMPENSATION AMOUNTS. COMMITTEE CHAIRS AND THE CHAIR OF THE BOARD RECEIVE ADDITIONAL COMPENSATION IN LIGHT OF THEIR ADDITIONAL RESPONSIBILITIES. THE AMOUNT OF COMPENSATION WAS FOUND BY EXPERT OPINION OF FREDERIC W. COOK & CO. INC. TO BE REASONABLE AND COMPARABLE TO BOARD COMPENSATION PAID BY SIMILAR ORGANIZATIONS. EACH GOVERNOR HAS THE OPTION TO DECLINE THIS STIPEND. FORM 990, PART VIII, LINES 3 AND 5: CERTAIN PAYMENTS BY RELATED ORGANIZATIONS ARE REPORTED AS EXEMPT FUNCTION REVENUE (COLUMN B) AND ARE TREATED ON SCHEDULE A AS GROSS RECEIPTS FROM A RELATED CHARITABLE ACTIVITY PER TREASURY REGULATIONS 1.509(A)-3(M). SUCH PAYMENTS ARE RECEIVED UNDER LICENSE AGREEMENTS BY WHICH GIA LICENSED ITS INTELLECTUAL PROPERTY SPECIFICALLY TO ENABLE ITS AFFILIATE DIAMOND GRADING LABORATORIES OUTSIDE THE US TO GRADE DIAMONDS CUT AND POLISHED IN OTHER REGIONS OF THE WORLD AND AS DIVIDENDS PAID BY SUCH AFFILIATE LABORATORIES. ENABLING ITS AFFILIATES TO GRADE DIAMONDS IN THE DIAMOND MANUFACTURING REGIONS OF THE WORLD IS DIRECTLY RELATED TO GIA GREATLY INCREASING THE PROPORTION OF THE WORLD'S DIAMONDS GRADED PURSUANT TO THE INSTITUTE'S SYSTEMS AND STANDARDS AND THEREBY TO SIGNIFICANTLY ENLARGING THE NUMBER OF DIAMOND CONSUMERS GIA PROTECTS FROM FRAUD AND MISREPRESENTATION. BUT FOR THE RISK OF EXPOSING GIA'S TAX-EXEMPT INCOME TO POTENTIAL TAXATION UNDER THE LAWS OF OTHER COUNTRIES, GIA, ITSELF, COULD HAVE OPENED OPERATIONS IN VARIOUS COUNTRIES AROUND THE WORLD AND UNDERTAKEN DIAMOND GRADING FOR DIAMOND PRODUCERS IN THOSE REGIONS. IN THAT CASE, THE RESULTING REVENUE WOULD CLEARLY HAVE BEEN GROSS RECEIPTS FROM A RELATED ACTIVITY FOR PURPOSES OF IRC 509(A)(2). FORM 990, PART IX, LINE 11G OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 27,464,866. MANAGEMENT AND GENERAL EXPENSES 1,222,720. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,687,586. OUTSOURCED RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 2,108,571. MANAGEMENT AND GENERAL EXPENSES 93,872. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,202,443. PROFESSIONAL SERVICE FEES: PROGRAM SERVICE EXPENSES 917,234. MANAGEMENT AND GENERAL EXPENSES 40,835. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 958,069. TEMPORARY LABOR: PROGRAM SERVICE EXPENSES 1,558,462. MANAGEMENT AND GENERAL EXPENSES 69,382. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,627,844. RECRUITING: PROGRAM SERVICE EXPENSES 452,586. MANAGEMENT AND GENERAL EXPENSES 20,149. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 472,735. COMPLIANCE PROFESSIONAL SERVICE FEES: PROGRAM SERVICE EXPENSES 790,952. MANAGEMENT AND GENERAL EXPENSES 35,213. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 826,165. FORM 990, PART XI, LINE 9: UNREALIZED FOREIGN EXCHANGE LOSS -152,389. 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THESE RELATED ORGANIZATIONS ARE NOT TAX EXEMPT UNDER SECTION 501(C)(3) OF THE CODE, BECAUSE THEY ARE NOT LOCATED OR OPERATING IN THE UNITED STATES. HOWEVER, IF THESE ORGANIZATIONS WERE TAX EXEMPT UNDER SECTION 501(C)(3) OF THE CODE WITH THE SAME EXEMPT PURPOSES AS GIA, THESE ORGANIZATIONS WOULD HAVE NO UNRELATED BUSINESS INCOME, SINCE ALL OF THEIR INCOME AND ACTIVITIES ARE IDENTICAL IN CHARACTER TO GIA'S TAX-EXEMPT INCOME AND ACTIVITIES. ACCORDINGLY, THESE ROYALTY PAYMENTS ARE NOT TREATED AS UNRELATED BUSINESS INCOME FOR GIA UNDER SECTION 512(B)(13) OF THE CODE. THE TRANSACTIONS REPORTED BETWEEN GIA AND THE RELATED ORGANIZATIONS LISTED WITH TRANSACTION TYPE S ARE ASSOCIATED WITH THE PROVISION OF GRADING, EDUCATION, AND MANAGEMENT SERVICES BY GIA. THESE SERVICES ARE PERFORMED IN GIA'S ORDINARY COURSE OF BUSINESS AS DESCRIBED IN SCHEDULE O, PART III, LINE 4B. THE TRANSACTIONS REPORTED BETWEEN GIA AND THE RELATED ORGANIZATIONS LISTED WITH TRANSACTION TYPE R ARE ASSOCIATED WITH RESEARCH AND OTHER SERVICES.